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EMS (NSE:EMSLIMITED) Momentum Rank : 0 (As of Jun. 22, 2024)


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What is EMS Momentum Rank?

EMS has the Momentum Rank of 0.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

EMS Momentum Rank Related Terms

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EMS (NSE:EMSLIMITED) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » EMS Ltd (NSE:EMSLIMITED) » Definitions » Momentum Rank
Comparable Companies
BOM:533156 BOM:540710 BOM:523445 BOM:532719 BOM:532395 BOM:523618 BOM:540311 BOM:504741 BOM:539686 BOM:532309 XPAR:DG NSE:LT SHSE:601668 PWR SHSE:601390 J TSX:WSP HKSE:01800 SHSE:601186 XPAR:EN
Traded in Other Exchanges
543983:India
Address
C-88, Raj Nagar District Centre, Second Floor, Raj Nagar, Ghaziabad, UP, IND, 201002
Website
https://www.ems.co.in
EMS Ltd is a multi-disciplinary Engineering, Procurement, and Construction company. It is engaged in the business of Sewerage contractors, Sewerage Treatment Plants (STP) Works, and Electricity transmission and distribution. The company is engaged in the business of providing turnkey services in water and wastewater collection, treatment and disposal, Gravity and Pressure Pipeline Networks, Reservoirs, and Pump houses along with complete Electro-Mechanical solutions.

EMS (NSE:EMSLIMITED) Headlines

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